Commodity Market Report
Global copper short-term outlook August 2021
Report summary
August has played out as a month of two halves in terms of overall price movements. The price retreated in the face of a strong US dollar and macroeconomic worries about a softening in the global economy and China’s in particular. This was despite ongoing strike action in Latin America. However, sentiment turned mid-month, encouraged by the progress of the planned stimulus package in the US through the legislature, a weaker US dollar ahead of the Jackson Hole summit and the potential for further production disruptions on the back of energy related production constraints in China.
Table of contents
-
Market developments
- China
- Russia
- Latin America
-
Concentrate markets
- China concentrate markets
- Other smelter news
- Blister/anode and scrap markets
- Production news
- Project development
- Corporate activity
Tables and charts
This report includes 23 images and tables including:
- LME cash price and 3-month spread ($/t)
- LME copper prices vs trade weighted dollar index
- Managed money CFTC positions
- Regional exchange stocks (kt)
- Regional exchange stocks - monthly changes (kt)
- Price forecasts and world quarterly supply-demand balance (kt)
- Global Manufacturing PMI Components
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes (kt Cu)
- Index of Industrial production (2018=100)
- Manufacturing PMI
- Production and shipments of copper wire rod and copper semis - kt
- Global quarterly refined copper consumption - kt
- 2021 Planned maintenance for Chinese smelters
- Blister market RC
- Global mine production - breakdown by product type (kt copper in concentrate and leach output)
- Global copper refined consumption (kt)
- Global copper mine production (kt copper in concentrate and leach output)
- Global copper smelter production (kt)
- Global copper refinery production (kt)
- Copper stocks
- Copper prices and premia
- Copper supply-demand balance global summary (kt)
What's included
This report contains:
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